The Hottest Stories in 2010 selected by Korea IT Time
The Hottest Stories in 2010 selected by Korea IT Time
  • Korea IT Times
  • 승인 2010.12.31 16:13
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<strong>What will G20 Seoul Summit bring to us An opportunity or financial risk</strong>
5. The 66th UN ESCAP arrives in Songdo

On May 13, 2010, the 66th UN ESCAP was held in Songdo, Incheon to address the "achievements of MDGs, promote a stable and supportive financial system and green growth or environmentally sustainable economic growth through technology and financing."

This was Korea's second time to hold this meeting since the 47th UN ESCAP in Seoul in 1991. This time about 300 delegates from 62 member nations, 100 representatives of NGOs, and around 200 people from international organizations plan to attend the conference. The ESCAP conference is going to start with a welcoming address by Korea's Prime Minster, Chung Un-chan on May 17.

UN ESCAP: Millennium Development Goals

One of the valuable contributions UN ESCAP is making towards the Millennium Development Goals (MDGs). UN declared MDG in 2000 and since then UN ESCAP has been trying to reduce extreme poverty in the Asia-Pacific region.

For successful achievement of MDGs by 2015, financial subsidies from countries and strong political will and leadership are required. Therefore, Korea who has been contributing to MDGs was willing to give more hands on assistance to the 66th UN ESCAP in Songdo,

6. Post-G20 Schedule: Dealing with another Financial Risk

In terms of economic size, the G20 takes up over 85% of the total global GDP. Thus, it is fair to say that they are in a position to dictate the global economy and financial order. More strictly speaking, the future looks as if the global economy will be decided upon in the minds of the G20 leaders and financial ministers. A select subset of people will determine the future of the global economy, finance and IT. The G20 Summit is a consultative meeting designed for achieving the sustainable development of the global economy, preventing a global financial crises and expediting international collaboration. Just as the UN was born 50 years ago, after World War II to police wars between countries, the G20 Summit was set up to brace for the world's biggest threat, global financial crises.

3D Convergence 2010 forum was held at the Press Center on February 11, 2010
A Post-G20 Seoul and Another Risk

Just as PCs have their operating systems, financial transactions have their own operating system. IT has already become the operating system of financial transactions and the internet has provided space for financial dealings. Thus, any attacks on the operating systems for financial transactions and financial cyberspace can deal as severe a blow to the global economy as the global financial crisis. In other words, that is one possible crisis which is often underestimated and dismissed by us. Specters of Marx is drifting on the internet, not in the EU. Globally, the value of a day's global online financial transactions hovers around US $1 trillion. When stock trading and e-commerce are factored in, a couple of trillion dollars are circulating in the cyber world. This can be the soft target of Specters of Marx.

High on the agenda of the G20 Seoul Summit are methods of exploring how to weather global financial crises and implementing policy and institutional tools to stabilize the global financial system. However, the G20 should set its sights on the safety of cyberspace, where real money flows, let alone the security of capital flows such as financial institutions and policy. What merits the attention of the G20 leaders is finding ways to ride out today's visible crisis, as well as potential dangers that are brewing silently under the surface. This is what we expect from great prophets (or strategists) who pull strings behind the scenes.

7. "3D Convergence 2010" Forum

 

To analyze and grasp the situation of what is really going on in the 3D businesses; Korea IT Times and Electronic Newspaper ran a "3D Convergence 2010" forum at the Press Center on February 11. The forum raised the question, how will we construct a roadmap for 3D convergence and what 3D industrial revolution will it bring In more detail, the conference brought the proper treatment and various developmental methods of 3D convergence to the table among 150 people from the government panels and industry-university-institute representatives. The forum was conducted in an in-depth discussion layout where a total of thirteen chief members carried on the discussion.

 

The forum began by a presentation from Lee Seung-hyun, professor at Gwangun University, and he passed the baton to Kim Eun-soo, the chairperson of the meeting and also the Chairman of Korean Communications Society. The discussion was between thirteen prominent figures and it started out smooth, but then there were deliberate pros and cons of which 3D industry will thrive in a long term or dwindle after having a short-term impact on the economy. Lee Seung-hyun's presentation in the start of the meeting was useful in that it pinpointed key notes on what the discussion will pick up on.

Kim Eun-soo, Chairperson for the evening, highlighted what the forum is about and divided the discussion into two parts. The forum touched on individual countries' developmental plan on occupying the global market of 3D sector, market forecast on the merger between next generation 3D industry and conventional industry, suitable management policy for conducting 2010 3D business, and standardization of 3D technology.

In addition, Hyung Tae-gun, Standing Commissioner of Korea Communications Commission and Yang Seung-taik, former Minister of Information and Communication, offered their congratulations to the attendees. And Cho Sung-kap, Chairman of IPAK, also delivered his greetings saying "3D TV, 3D cinema, and 3D IPTV have all adopted 3D technology and I can foretell, on behalf of statistical data from related organizations, that 3D technology will be incorporated into other sectors as well such as tourism, national defense, medicine, imaginary museum, construction, civil engineering, computer games, and cell phones.."


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